{"id":651763,"date":"2017-02-20T04:08:41","date_gmt":"2017-02-20T04:08:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/debate-wages-over-governments-newfound-preference-for-egyptian-companies-in-new-capital\/"},"modified":"2017-02-20T04:08:41","modified_gmt":"2017-02-20T04:08:41","slug":"debate-wages-over-governments-newfound-preference-for-egyptian-companies-in-new-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/debate-wages-over-governments-newfound-preference-for-egyptian-companies-in-new-capital\/","title":{"rendered":"Debate wages over government\u2019s newfound preference for Egyptian companies in new capital"},"content":{"rendered":"

A debate is currently being waged about the private sector\u2019s role in the New Administrative Capital\u2019s development, as the government turns to local developers over foreign companies. A lack of transparency in tendering land to developers on the New Administrative Capital is driving away foreign private sector companies interested in taking part, writes Hossam Abougabal for Middle East Business Intelligence (MEED)<\/a>. The market was not informed on why the Administrative Capital for Urban Development Company \u2014 the master developer of the new capital \u2014 abandoned agreements with China State Construction Engineering Corporation and the UAE\u2019s Eagle Hills, which is contributing to a perception among foreign companies that the tendering process is a black box, a move that is wasting an opportunity to attract foreign investment. the Egyptian Federation for Construction and Building Contractors (EFCBC) sees it differently. The move represents a chance for local businesses to participate in lucrative construction contracts in a national project and all the benefits that entails (something local contractors have long called for) EFCBC member Daker Abdullah tells DNE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A debate is currently being waged about the private sector\u2019s role in the New Administrative Capital\u2019s development, as the government turns to local developers over foreign companies. A lack of transparency in tendering land to developers on the New Administrative Capital is driving away foreign private sector companies interested in taking part, writes Hossam Abougabal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651763","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"6268b810-0a04-47f5-8e5d-ffb1ae582079","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651728],"teaser":"","voice_url":""},"yoast_head":"\nDebate wages over government\u2019s newfound preference for Egyptian companies in new capital - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/debate-wages-over-governments-newfound-preference-for-egyptian-companies-in-new-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debate wages over government\u2019s newfound preference for Egyptian companies in new capital\" \/>\n<meta property=\"og:description\" content=\"A debate is currently being waged about the private sector\u2019s role in the New Administrative Capital\u2019s development, as the government turns to local developers over foreign companies. 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The sales come after NACCUD reduced the required down payment to 10% of each land plot\u2019s total value,\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637851,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/","url_meta":{"origin":651763,"position":4},"title":"3,500 acres sold to developers in new administrative capital","author":"enterpriseam admin","date":"27 November 2017","format":false,"excerpt":"The New Administrative Capital Company for Urban Development sold 3,500 acres of land to real estate developers for the first phase development of the new administrative capital, Daily News Egypt reports. 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